US RESCUE PACKAGE WOULD INCREASE GROWTH IN US ECONOMY BY 2% POINTS NEXT YEAR: IMF OFFICIAL

Highlights

• A US rescue package on the order of previous $2.2 trillion CARES ACT would increase growth in the world’s biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecasted said Gita Gopinath

• As per the latest World Economic Outlook released by the IMF on Tuesday, the global economy is all set to contract 4.4 percent this year but will rebound by 5.2 percent....